rising focus on green telecom towers is driving the Industrial Lead-Acid Battery Market

Latest News:- Industrial Lead-Acid Battery Market: Stationary industrial lead-acid batteries is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Industrial Lead-Acid Battery Market is expected to grow at a CAGR of 6.63% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6.21 billion.There are various factors that contribute to the growth of the market. The Industrial Lead-Acid Battery market is witnessing significant growth due to the increasing emphasis on green telecom towers. This shift towards sustainable energy solutions is driving the demand for lead-acid batteries, which are widely used in renewable energy storage applications. Telecom companies are prioritizing the reduction of carbon footprint and are investing in energy storage systems to power their towers, thereby fueling the market expansion.

In the industrial sector, stationary power systems utilizing lead-acid batteries play a pivotal role in critical operations and applications, including voltage stabilization, power storage, and the prevention of unscheduled outages. These systems are particularly valuable in reducing maintenance costs and extending the life of equipment. The market for industrial lead-acid batteries is poised for growth due to the increasing demand for reliable and uninterrupted electricity supply. While valve-regulated lead-acid (VRLA) batteries, commonly used in stationary applications due to their size and weight advantages, offer several benefits, their limited cycle count is a significant challenge. Consequently, deep discharging is avoided, which can impact their overall efficiency and performance. In contrast, mature flooded lead-acid batteries, which dominate large-scale stationary power systems, provide economical and dependable services. Key electrical loads such as voltage stabilizers, voltage spikes, charging systems, 12-volt batteries, starter motors, and lights, all rely on the consistent and stable power supply offered by these batteries. 

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Industrial Lead-Acid Battery Market Segmentation

• Application
  • Stationary industrial lead-acid batteries
  • Motive power industrial lead-acid batteries
• Type
  • FLA batteries
  • VRLA batteries
• Geography
  • APAC
  • Europe
  • North America
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH
• Amara Raja Batteries Ltd.
• C and D Technologies Inc.
• Coslight International Group
• Crown Battery Manufacturing Co.
• East Penn Manufacturing Co. Inc.
• EnerSys
• EverExceed Corp.
• Exide Industries Ltd.
• Exponential Power Inc.
• Furukawa Electric Co. Ltd.
• GS Yuasa International Ltd.
• Hankook Tire and Technology Co. Ltd.
• HBL Power Systems Ltd.
• Korea Battery Co. Ltd.
• Leoch International Technology Ltd.
• Microtex Energy Pvt. Ltd.
• MIDAC SpA
• Panasonic Holdings Corp.
• Surrette Battery Co. Ltd.

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Research Analysis Overview

The Industrial Lead-Acid Battery Market encompasses various types of lead-acid batteries, including SLI Batteries for car engines and electrical loads, AGM batteries, and ZincGel Batteries. OEMs utilize these batteries in electric vehicles, solar power projects, and UPS systems. Lithium-ion batteries, featuring lithium-ion technology, electrolyte, metallic lead oxide, and metallic lead, are gaining popularity due to their high energy density and long cycle life. Applications include voltage stabilizers, charging systems, and mini hybrid systems for vehicles, power supply systems, and e-bikes. Off-grid Energy Labs also employ lead-acid batteries, such as SLI and AGM, for energy storage solutions.

Market Research Overview

The industrial lead-acid battery market is a segment of the larger global renewable electricity market, according to Technavio. This market encompasses organizations involved in the generation and distribution of electricity derived from renewable sources. Key players include OEMs manufacturing batteries for electric vehicles and solar power projects, utilizing technologies such as Lithium-ion, AGM, and SLI. The global renewable electricity market's growth is fueled by supportive policies and ambitious targets for renewable power deployment, driving the demand for batteries in independent power production, gas and power marketing, and integrated energy merchants. Additionally, the solar power sector's expansion necessitates the production of raw materials and equipment, further boosting the industrial lead-acid battery market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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